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Mrs. Saret Chay Village Bank Group
In this Group: Saret, Sen, Srey Keang, Savon, Ny, Savann, Sopheap, Sophea, Sang, Lea, La, Sok Na, Rai, Chreob
Fourteen people from Preaek Bak village in Kandal province make up this village bank loan. They will use their portion of the loan for different purposes in order to improve living conditions for their families. Mrs. Saret C. is the village bank president who was selected by all the members. She and her husband, Mr. U. Luk, own a general store in the local village to earn money to support their family. Since their business is going well they want to expand it, but they did not have enough money. Thus, Mrs. Saret C. has decided to seek a loan to buy more groceries for reselling. This couple has three children, two of whom are seamstresses in the garment factory, while the other is a laborer.

Additional Information

About AMK

Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 83
    View loans »
    Cambodia Loans Fundraising
  • $41,753,700
    Funds lent in using Kiva
  • 4,215.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Saret Chay Village Bank Group's $950 loan helped a member to buy more groceries for reselling.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 2, 2010
Apr 11, 2010
Currency Exchange Loss:
Apr 17, 2011